By Sheri Kasprzak
New York, April 11 - The California Statewide Communities Development Authority came to market with $969.69 million of series 2012 revenue bonds for Kaiser Permanente, according to a pricing sheet.
The deal included $869.69 million of series 2012A revenue bonds and $100 million of series 2012B Sifma index bonds.
The 2012A bonds are due April 1, 2042, bear interest at 5% and priced at par. The 2012B bonds are due April 1, 2052 and bear interest at the Sifma rate plus 95 basis points.
The bonds (/A+/A+) were sold through Citigroup Global Markets Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC.
Proceeds will be used to finance the construction, acquisition, equipment and furnishing of hospitals, health facilities and offices operated by Kaiser Permanente.
| Issuer: | California Statewide Communities Development Authority/Kaiser Permanente
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $969.69 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC
|
| Ratings: | Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | April 4
|
| Settlement date: | April 18
|
|
|
| Series 2012A revenue bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $869.69 million | April 1, 2042 | Term | 5% | 100
|
|
|
| Series 2012B Sifma index rate bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $100 million | April 1, 2052 | Term | Sifma rate plus 95 bps | 100
|
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